Limitations on loan amounts
Read this section in the full bill →
This section appears in one version only, so there is nothing to compare yet.
(a) Limitations on amount of farm ownership loans Section 305(a)(2) of the Consolidated Farm and Rural Development Act (7 U.S.C. 1925(a)(2)) is amended by striking $600,000, or, in the case of a loan guaranteed by the Secretary, $1,750,000 (increased, beginning with fiscal year 2019 and inserting $850,000, or, in the case of a loan guaranteed by the Secretary, $3,500,000 (increased, beginning with fiscal year 2025. (b) Limitations on amount of operating loans Section 313(a)(1) of the Consolidated Farm and Rural Development Act (7 U.S.C. 1943(a)(1)) is amended by striking $400,000, or, in the case of a loan guaranteed by the Secretary, $1,750,000 (increased, beginning with fiscal year 2019 and inserting $750,000, or, in the case of a loan guaranteed by the Secretary, $3,000,000 (increased, beginning with fiscal year 2025.